Genetically modified: China's soybean import is stagnant
-
Last Update: 2001-09-27
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: traders said that rumors and the government's trend led to a slowdown in China's soybean imports The market has been quiet on imports for months Only in the past two weeks, two or three shipments of soybeans have been "washed out" or sold back to suppliers at a lower price, according to some traders The past few weeks have been hit by quality inspections, with no new soybean purchases Traders had been worried about China's excessive imports until China issued new regulations on June 6 At that time, five to eight ships of soybeans would arrive in China in a week or so "China buys too many soybeans." The first trader said that the recent actions of China's quality inspection department are conducive to restoring the balance of the domestic market Supported by this view, traders said that in addition to Dalian, domestic soybean prices in China have been stable at a little higher than 2000 yuan / ton (240.96 US dollars / ton) Despite the confusion caused by strict inspection and quarantine According to data released by Customs on Friday, 1.76 million tons of soybeans imported in August are basically from Brazil and Argentina The total soybean imports in the past eight months of this year are 9.57 million tons, up 379% from the same period in 2000.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
